Cash flow soared 182.2% at Imperial Oil Ltd.

Cash flow soared 182.2% at Imperial Oil Ltd.

Improved bitumen prices led to a 104.1% jump in revenue for this company during the most-recent quarter.

Exploration and upgrades coupled with increased production should boost its numbers even further.

Meanwhile the stock trades at just 10.0 times the company’s 2022 earnings forecast.

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IMPERIAL OIL LTD. (Toronto symbol… Read More

5 top Canadian dividend stocks to invest in

5 top Canadian dividend stocks to invest in

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One of the key points in our three-part investment advice is to invest mainly in well-established dividend-paying stocks. The COVID-19 pandemic and the downturn it spurred in March 2020 highlight… Read More

Imperial ups its spending

IMPERIAL OIL LTD., $46.58, is a buy. The company (Toronto symbol IMO; Shares o/s: 695.6 million; Market cap: $32.8 billion; TSINetwork Rating: Average; Dividend yield: 2.3%; www.imperialoil.ca) is Canada’s third-largest publicly traded oil company after Canadian Natural Resources (No. 1) and Suncor. U.S.-based ExxonMobil (New York symbol XOM)… Read More